Today’s highlights:
EUR/USD: Erosion from 1.4295/98 resistance signals mini-top and risk lower. Through 1.4036 would open the door down to key 1.3772 support this week
USD/CHF: More forcefully probing of wedge support, having hit .8125 extension target with another new record low today. July risk is lower down to .7845 Fibonacci objective
NZD/USD: Poised at the new multi-decade high leaves risk through .8501 this week, with little resistance of note up to our Q3 target at .9000
USD/CAD: Bearish “outside” Friday through .9546 retracement support leaves threat through .9511 to the .9445 cyclical low
Today’s trades:
EUR/USD: Long at 1.4126 for 1.4364; exit 1.4026
USD/JPY: Flat, enter short at 79.48 for 77.11; reverse 79.71
GBP/USD: Long at 1.6091 for 1.6248, reverse to short here or through 1.6019
USD/CHF: Retry short at .8294 for .8006; exit .8332
AUD/USD: Long at 1.0671 for 1.1024; exit 1.0574
NZD/USD: Retry long at .8326 for .8706; exit .8105
USD/CAD: Target hit on short from .9779 at .9525, so flat. Retry short at .9616 for .9456; exit .9796
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http://www.easyforexnews.net/wp-content/uploads/2011/07/document-898989251.pdf
Credit Suisse
FIXED INCOME RESEARCH & ANALYTICS